Please Complete 1-3

The classified balance sheet and selected income statement data for Updike, Inc., as of December 31, 2018, are presented next. E (Click the icon to view the classified balance sheet.) (Click the icon to view the selected income statement data.) Read the requirements. Requirement 1. Calculate Updike, Inc.'s debt ratio and interest coverage ratio as of December 31, 2018. Round to two decimal places. Begin by calculating Updike, Inc.'s debt ratio. Select the formula and then enter the amounts to calculate the ratio. (Abbreviation used: EBIT = Earnings before interest and taxes. Enter the ratio as a decimal to two places, .XX.) = Debt ratio Data table Requirements 256,400 Selected Income Statement Data Gross profit Operating expenses Earnings before interest and taxes 1. Calculate Updike, Inc.'s debt ratio and interest coverage ratio as of December 31, 2018. Round to two decimal places. 2. What percentage of Updike, Inc.'s assets belong to the stockholders? 3. Would you be willing to extend credit to Updike, Inc.? Why or why not? 157,600 98,800 17,300 Interest expense Income tax expense 25,900 Net income 55,600 Print Done